Advanced Reporting. Enhanced Exception Reporting. Automated Composite Building
First Rate®, a leading provider of performance measurement solutions for the financial services industry, today announced the availability of First Rate PerformanceTM 6.2. This latest version of First Rate Performance empowers wealth management professionals with advanced automated functions that streamline operations, offers additional reporting options, furthers analytic capabilities and improves large scale processing efficiencies.
Highlighted new solutions provided by First Rate Performance 6.2 include:
Automated Composite Engine (ACE) - ACE provides a business rules-based solution that automatically manages the participation of portfolios in composites or other special aggregates. ACE introduces an interactive reporting feature for research and auditing of composites as well as constituent performance data reports that illustrate constituent portfolios' movement in and out of ACE composites.
Enhanced Exception Reporting - A new report illustrates possible exceptions at the asset level. This includes the identification of assets that have fallen outside a tolerance range, and leads the back-office user through a series of automated audits and edits. This new feature significantly reduces the time required to review large amounts of data and affords increased confidence in data integrity to the back-office user and investment manager.
• Asset Level Contribution to the Portfolio and Sector Report
• Bottom Performing Assets Report
• Consecutive Monthly Period Performance Report
• Investment Alternatives Analytic Model Report
• Multi-Currency Attribution Report
• Periodic Sector Valuation Report
• Selected Period Performance with Sector Inception Report
• Style Allocation Comparison to Industry Classification Report
• Style Target vs. Actual Analysis Report
• Tax Harvest Analysis Report
• Top Performing Assets Report
"We're very excited about the impact this release will have on our clients and their ability to improve efficiencies and remain competitive in today's economic times," remarked Terry Gaines, Managing Director of First Rate's Product Development. "First Rate continues to work diligently to improve our suite of applications with upgrades that provide advanced solutions in response to the evolving needs of our wealth management clients. Many of the enhancements contained in the 6.2 release are the direct result of collaborating with our partners in the First Rate's Client Steering Committee, feedback from clients at the annual First Rate Performance Conference and our continued research within the industry. A special thank you to our Client Steering Committee for their time spent and commitment to working with us on these new developments."